Wait for a clear buy position | 06 August 2018

Ripple Weekly review

Technical Observation:

Ripple is currently bouncing from a supportive trendline. This crypto has been rallying with a neutral bias, and while the price is contained above ths trendline, I'm waiting for a clear bpunce signal to pick a long position with an ideal take profit at 0.52430. On its way to the upperside, the key lines to check for include $0.45530, $0.48890, and $0.50490. If these lines are broke, then further momentum towards $0.59310 is expected, I will Only consider a short position should the price break below 0.42470.

Trade Signal

Wait for a clear buy position

101% Double the volume

The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.